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LISC NYC is thrilled to share news about the launch of its partnership with New York City’s Department of Small Business Services (SBS) and Citi Community Development on Neighborhood 360°, a new program that strengthens and revitalizes commercial corridors and small businesses that anchor New York City neighborhoods. It is LISC NYC's first major programmatic partnership with SBS focused on commercial revitalization. The partnership grew out of LISC NYC’s work with SBS to create a Commercial District Needs Assessment (CDNA) for community based organizations to gain baseline data and information about their local commercial corridors.
LISC NYC will provide winners of the Neighborhood 360° grants with financial resources, expertise, and support with storefront improvements and retail attraction. Together, LISC NYC and Citi Community Development have contributed $525,000 to the initiative, enabling organizations to make visible and meaningful change in their communities in a relatively short time period. Read the story!
LISC NYC’s annual Big Apple Innovation Awards event brings together community development professionals to celebrate the outstanding leadership, innovation and dedication of individuals and organizations who share our vision for an inclusive New York City. The 2017 Awards will be taking place on the evening of January 24, 2017. Click here to buy tickets and to learn about sponsorship opportunities.
On November 2nd, LISC NYC was honored at the St. Nicks Alliance Annual Awards Benefit and 41st Anniversary Celebration. A generation ago, LISC NYC and St. Nicks joined forces to bring North Brooklyn back from a debilitating period of decline and disinvestment. Since then, LISC and National Equity Fund have financed 508 units of St Nicks’ affordable housing, representing an investment of over $83 million in total public and private investment. Read the story and watch this video about LISC NYC's work from the 1980s through today.
LISC NYC is pleased to announce the launch of the New York Land Opportunity Program (NYLOP), which we are piloting in partnership with the NYC Department of Housing Preservation and Development and the Mayor's Community Affairs Unit. This program will help mission-driven organizations with limited real estate experience to form joint venture partnerships to develop affordable housing on their underutilized land. Please help us spread the word about NYLOP to faith-based organizations, social service nonprofits, owners of HUD 202 senior housing and other mission-driven organizations with underutilized land who might benefit from this program. Learn more during one of our upcoming technical assistance workshops. The next workshop is in the Bronx on December 8. For further information, please contact Grace Chung at firstname.lastname@example.org.
Longtime LISC partner Banana Kelly Community Improvement Association has a storied history in the revival of the South Bronx. Today, the organization uses new tactics, as well as tried and true ones, to foster community and preserve affordable housing in a vastly changed social and economic landscape. Read the story here!
On September 19th, LISC NYC, the Federal Reserve Bank of New York, and NYU Furman Center hosted a Convening about Neighborhood Change, Displacement, & Equitable Development. The event drew over 200 participants, as well as 600 Livestream views. Visit the website to view photos and video recordings of the entire event. For a round-up of the conversation, view the Storify narrative and the City Limits article.
On October 11th, New York State Attorney General Eric Schneiderman announced grant awards totaling $12.6 million to help communities across the state address the problem of vacant properties and so-called “zombie homes” – vacant and abandoned homes that are not maintained during a prolonged foreclosure proceeding. $350K will be allocated to the New York City through the NYC Department of Housing Preservation & Development (HPD). The grants were awarded under the Zombie Remediation and Prevention Initiative, which LISC is overseeing through its New York State Housing Stabilization Fund program. LISC selected the grantees and will be providing technical assistance to the funded municipalities as they implement their plans. “We are grateful for this grant, which allows HPD to increase direct outreach to families in foreclosure and also develop individual and targeted plans to secure ‘zombie properties,’ or abandoned homes — many of which are not being properly maintained, are creating blight and hurting our neighborhoods,” said New York City Department of Housing Preservation and Development Commissioner Vicki Been. “Bottom line, the funds help us continue to stabilize affordable homeownership in many neighborhoods still recovering from the mortgage crisis.” Read the press release and the NY Daily News story!
In an op-ed for USA Today, Maurice Jones, LISC CEO, and Jim Bueermann, Police Foundation President and former police chief, explain how investing in authentic police-community partnerships and neighborhood renewal is imperative for a safer, healthier country. Also be sure to check out Maurice Jones’ response to a New York Times article about reductions in the US poverty rate and his reflections from his first month at LISC.
On September 22, LISC New York City joined nonprofit developer Acacia Network, Inc. and other partners to celebrate the groundbreaking of Acacia Gardens, a mixed-use, 12-story building in East Harlem with 179 units of affordable housing for low-income, extremely low-income, and formerly homeless households. The total development cost for Acacia Gardens is $73 million. LISC NYC provided technical assistance for structuring the financing. Read the story!
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